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Last updated: 1 year ago
News and Updates
Recent News
US-Nauru Trade Agreement on Fabrics Strengthened
A new bilateral agreement between the United States and Nauru has been signed to facilitate the trade of fabrics under HS Code specified in Note 9 to Section XI. The agreement aims to reduce barriers and promote exports from Nauru to the US.
2023-10-15
Impact: This agreement is expected to increase fabric imports from Nauru to the US, potentially benefiting small-scale producers in Nauru while providing US manufacturers with more diverse sourcing options.
US Imposes Temporary Quota on Nauru Fabric Imports
The US government has introduced a temporary quota on fabric imports from Nauru under HS Code specified in Note 9 to Section XI, citing the need to balance domestic production.
2023-09-01
Impact: This quota may limit Nauru's fabric exports to the US in the short term, potentially affecting Nauruan exporters' revenue and prompting a shift to other markets.
Nauru Seeks US Partnership for Fabric Quality Standards
Nauru has initiated discussions with US trade officials to align fabric quality standards for products under HS Code specified in Note 9 to Section XI, aiming to boost export credibility.
2023-08-20
Impact: If successful, this alignment could enhance trust in Nauruan fabric products, potentially increasing US demand and strengthening trade ties.
Policy Updates
US Tariff Adjustment for Nauru Fabric Imports
The US has adjusted tariffs on fabric imports from Nauru under HS Code specified in Note 9 to Section XI, reducing the rate by 2% to encourage trade while maintaining fair competition with domestic producers.
Date: 2023-10-01
Nauru Export Subsidy for Fabrics
Nauru has introduced a subsidy program for fabric exporters targeting the US market under HS Code specified in Note 9 to Section XI, aimed at offsetting shipping costs and boosting competitiveness.
